Tuesday, November 22, 2011

Pak exports to UK increase by 19 percent

LONDON: The UK remains among Pakistan’s top five export destinations with a balance of trade in favour of Pakistan. Exports from Pakistan to the United Kingdom increased by approximately 19 percent and accounted a value of £659.62 million during the months January to September of the calendar year 2011, as compared to the corresponding period of the last year.

There was a significant export growth seen in fruits, vegetables, cereals, spices, pharmaceutical products, articles of base metal, carpets, cement, musical instruments, articles of apparel and clothing accessories.

The total trade during January to September was recorded at £1.04 billion, with an increase of approximately 17 percent as compared to total trade of £894.47 million during the period. Pakistan imports from the United Kingdom were also up by 13 percent, amounting to £383.90 million. The 20 percent export growth is in line with the commitment made by both governments to double bilateral trade from £1.1 billion to £2.5 billion by the year 2015. pr

 

Courtesy www.dailytimes.com.pk

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